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Informist, Wednesday, Sept. 10, 2025                                      Tel +91 (22) 6985-4000

Equity Alert: Nifty 50 holds most gains, but faces selling above 25000 pts

MUMBAI--1230 IST--The Nifty 50 index touched the psychologically important 25000-mark Wednesday, after more than two weeks, before retreating slightly. While the market gained amid optimism over the India-US trade deal, the Nifty 50 faced selling pressure above 25000 points.

At 1201 IST, the Nifty 50 index retreated from the session's intraday high to 24974.05 points, up 0.4% from Tuesday. The BSE Sensex was at 81419.20 points, up 318 points, or 0.4%.

Four of the top five gainers on the Nifty index were information technology companies. HCL Technologies, Wipro, Tata Consultancy Services, and Tech Mahindra rose 2-3%, tracking record closing highs on the Nasdaq Composite Tuesday on hope of lower interest rates in the US.

Shares of public sector banks and financial services companies also rose. State Bank of India, Union Bank of India, and Indian Bank, among others were up 1.5-4%. Among index heavyweights, shares of HDFC Bank, ICICI Bank, and Reliance Industries were slightly higher compared to Tuesday.

All broader market indices were up around 0.7% each, outperforming their benchmark peers. Among mid-cap companies, shares of Apar Industries were up more than 6% and those of Bharat Forge and Bank of India rose around 3% each. Among the top 250 small-cap companies, shares of textile companies rose on hope of lower tariffs by the US following President Donald Trump's recent comments. (Eshitva Prakash)

Equity Alert: Nuvama initiates coverage on Max Healthcare with 'buy' rating

MUMBAI--1213 IST--Shares of Max Healthcare Institute rose over 2% to an intraday high of INR 1,178 Wednesday. Numava Institutional Equities initiated coverage on the stock with a 'buy' rating and a target price of INR 1,430, which implies a 24% upside to its previous close. At 1210 IST, shares of the company traded at INR 1,165.60, up 1.1%.

Nuvama expectes the company's capacity to nearly double to 9,400 beds by 2028-29 (Apr-Mar). "With 70% of additions to be brownfield, visibility of profitable growth is high," the brokerage said. It estimates a 20% compound annual growth rate in revenue over FY25-FY28 and 22% compound annual growth rate in earnings before interest, tax, depreciation, and amortisation over the same period. This growth in revenue and EBITDA will be led by a 15% volume compound annual growth rate, it said.

Despite capacity expansions, EBITDA margins are likely to be at 27–28% and return on capital employed is likely to expand 260 basis points to 26% over FY25–FY28. 

Of the 10 brokerage reports on the stock available with Informist, seven have a 'buy' or equivalent rating on the stock, JM Financial Institutional Securities has a 'hold' rating, and two have a 'reduce' ratings. The average target price of the 'buy' recommendations is INR 1,351. So far Wednesday, 1.46 million shares of the company have changed hands on the NSE, sharply higher than 862,439 shares traded during the same period on Tuesday.  (Simran Rede)

Equity Alert: UltraTech Cement dn despite Motilal Oswal raising target price

MUMBAI--1134 IST--UltraTech Cement shares turned negative after rising as much as 0.4% to their intraday high of INR 12,626 Wednesday. Motilal Oswal Financial Services raised target price on the stock by over 4% to INR 15,200 on Tuesday, while reiterating its 'buy' rating. The hike in the target price is due to high valuation multiple of the stock on the back of improved earnings, return ratios, and low-cost expansions, the brokerage said. At 1134 IST, the stock traded at INR 12,503, down 0.6%. 

Motilal Oswal estimates the industry to pass on the benefits of goods and services tax rate cuts to end-consumers in the near term and hence, there are no material changes in its revenue estimates. However, it suggests to focus on the pricing trend, followed by a pick-up in demand and fuel cost trajectory. 

The brokerage firm expects the company's market share to rise to 32% by 2027-28 (Apr-Mar) from the existing 28%, which was the highest market share in the industry. It sees UltraTech's capacity compound annual growth rate at 6% over FY25-FY28 and volume compound annual growth rate at 12%, as it believes the company will focus on ramping up its utilisation.

"The company is on track to achieve its 200 million tonne per annum domestic grey cement capacity target well ahead of schedule and is anticipated to announce the next phase of expansion in the coming quarters," Motilal Oswal said. "We believe the company will announce 12 million tonne per annum clinker per 18-20 million tonne per annum grinding capacity expansions across south, north, and central regions." The company's domestic grey cement capacity is expected to rise to 212.2 million tonne per annum by FY27 from 183.4 million tonne per annum in FY25, the broking firm said.  (Simran Rede)

Equity Alert: Oracle Fincl rises 9%; US parent surges 28% on AI optimism

MUMBAI--1112 IST--Shares of Oracle Financial Services Software surged nearly 9% to an over two-month high of INR 9,137. While the immediate reason for the stock's rise could not be ascentained, shares of its US-based parent company Oracle Corp. skyrocketed 28% in extended trading due to optimism over its cloud services segment. At 1109 IST, the stock traded 8.2% higher at INR 9,105 and was among the top gainers in the Nifty 500.

Oracle Corp. said multicloud database revenue from Amazon, Google, and Microsoft soared 1,529% in the previous quarter due to demand for artificial intelligence servers. The company's bookings also quadrupled on year in the same period, with top line of its cloud infrastructure business seen growing 77% to $18 billion in the current financial year and reaching $144 billion over the next four years, Reuters reported Oracle Chief Executive Officer Safra Catz as saying. 

Oracle Financial Services Software, the Indian subsidiary of Oracle Corp., uses Oracle Cloud services to provide specific applications to sectors such as banking, financial services, payment aggregators, and insurance. The Indian arm offers cloud services such as Oracle Banking Retail Lending Servicing Cloud Service and Oracle Banking Collections Cloud Service among others, its 2024-25 (Apr-Mar) annual report stated.  

At 1109 IST, 677,644 shares of Oracle Financial Services Software were traded on the NSE, sharply higher than the 35,628 shares traded till the same time Tuesday.  (Akash Mandal)

Equity Alert: Nifty 50 crosses 25000 points for first time in over two weeks

MUMBAI--1015 IST--The Nifty 50 crossed the 25000-point level for the first time in over two weeks, buoyed by US President Donald Trump's recent comments. These comments raised hopes of a potential new trade deal between India and the US, which could scrap the 25% additional tariff and even lower the baseline tariff. At 1003 IST, the 50-stock index was at 25009.50 points, up 141 points or 0.6%, having risen to an intraday high of 25017.40. Most index constituents traded higher.

Trump early Wednesday said his administration was continuing discussions with India to address trade barriers, a shift in tone from his comments criticising India in recent times. Reports said administrations of both the countries are likely to meet towards the end of this month to discuss on a potential trade deal. 

Information technology stocks were among the top gainers after a downward revision of payrolls data in the US further increased hopes of a rate cut by the US Federal Reserve later this month. Wipro, HCL Technologies, Tech Mahindra, and Tata Consultancy Services were up 2-3%. Other heavyweights such as Reliance Industries, ICICI Bank, HDFC Bank, and Larsen & Toubro were also in the positive zone.  (Akash Mandal)

Equity Alert: Textile stocks surge, Trump remark renews trade deal optimism

MUMBAI--0954 IST--Textile stocks surged in early trade as US President Donald Trump's recent comments raised hopes about the trade deal which could eventually lower the tariff on Indian exports to the US. Many of these textile makers have a high exposure to the US market. Welspun Living, Alok Industries, Trident, and Vardhman Textiles were 5-10% higher. 

Trump early Wednesday said his administration was continuing negotiations with India to address trade barriers. This marked a shift in his tone and showed optimism about a trade deal between the two countries. Reports said administrations of both the countries are likely to meet towards end of this month to discuss on a potential trade deal. 

"If India and US manage to sign positive trade deal with tariff rate between 10-15%, it will be positive for textile sector as other key textile exporting countries such as Vietnam and Bangladesh are imposed with 20% tariff and China with 30% tariff...if India manages to remove 25% additional tariff, the industry will be in stable position with tariff rate close to other major exporting countries," ICICI Direct Research said in a report.

The brokerage maintains its stance that 2025-26 (Apr-Mar) is likely to be muted for textile makers, but added that trade deals with the US and European Union could boost the sector in FY27.  (Akash Mandal)

The brokerage maintains its stance that textile makers could see a muted growth in 2025-26 (Apr-Mar), adding that trade deals with the US and European Union could boost the sector in FY27.  (Akash Mandal)

Equity Alert: Mkt up on optimism over US trade deal; Nifty 50 near 25000 pts

MUMBAI--0931 IST--Benchmark indices opened higher Wednesday amid positive developments on a trade deal with the US. The market also tracked gains in global markets as the US index NASDAQ Composite closed at a record high Tuesday, after a downward revision of the payrolls data boosted hopes of a rate cut by the US Federal Reserve this month.

US President Donald Trump early Wednesday said on Truth Social his administration was continuing negotiations with India to address trade barriers and he was looking forward to speaking with Prime Minister Narendra Modi in the coming weeks. He is also certain that there will be no difficulty in coming to a successful conclusion for both countries. Responding to this, Modi said in his X post that the two countries' respective teams are working to conclude the discussions at the earliest. 

At 0927 IST, the Nifty 50 was at 24979.50, up 110.90 points or 0.5%, and the BSE Sensex was at 81474.09, up 372.77 points or 0.5%. The Nifty 50 reached 24992.80-point mark to its highest level so far Wednesday, which is just 7 points away from the crucial 25000 point level. Analysts believe if it stands above 25000 level, the index may touch 25150–25200 points. The India VIX, or the fear indicator of the market, was down 1.2% at 10.5625, suggesting easing of the near-term nervousness in the market. All broader market indices were in the green, up 0.7–0.9%, faring better than their benchmark peers.

Most sectoral indices opened in positive territory with the Nifty IT outperforming others, which was up 2%. Nifty Auto and Nifty FMCG were the least gainers, rising around 0.3% each. These indices took a breather after witnessing a sharp rally on the back of optimism over improved demand after GST cuts.

Oracle Financial Services Software was the top gainer in the Nifty 200, up over 5%, following a 27% surge in the shares of Oracle Corp., its US-based parent company, in extended trading on Tuesday. The sharp rise was after the company reported a major increase in bookings and also gave a strong outlook for its cloud infrastructure business.

Shares of most textile companies were up on Trump's statements of possible continuation of trade negotiations between the US and India. Welspun Living was up over 7% and is the top gainer in the Nifty 500. Vardhman Textiles also led the pack of 500 stocks and was up nearly 7%.  (Simran Rede)

Equity Alert: Mkt seen higher; GIFT Nifty suggests Nifty 50 may test 25000

MUMBAI--0814 IST--Benchmark indices are likely to move higher Wednesday, with GIFT Nifty futures suggesting the Nifty 50 index may test 25000 points. US President Donald Trump said India and the US are continuing with trade negotiations and he is set to speak with Prime Minister Narendra Modi in the coming weeks.

"I feel certain that there will be no difficulty in coming to a successful conclusion for both of our Great Countries!," Trump Wednesday said in a post on Truth Social. Sentiment is expected to be positive after these comments as recent developments had raised doubts over US-India trade deal.

However, a report by Financial Times said, quoting three officials, that Trump has asked the European Union to impose tariffs of up to 100% on India and China to increase pressure on Russia to end its war in Ukraine. Trump made these demands in a meeting between senior US and European Union officials, the report said.

GIFT Nifty futures suggest the Nifty 50 is expected to open higher, extending its winning run to six sessions. At 0756 IST, GIFT Nifty September contracts traded at 25012.50 points, up 0.4% from its previous close and 0.6% higher compared to the Nifty 50's close Tuesday. The Nifty 50 had ended the Tuesday session at 24868.60 points

Expectations of interest rate cuts in the US continue to drive stock prices higher across global markets. The Nasdaq Composite hit its lifetime high Tuesday yet again and gained 0.4%. The S&P 500 and Dow Jones Industrial Average were also up 0.3-0.4%. The CME FedWatch Tool shows a 94% probability of a 25-basis point rate cut. Most indices in Asia were also higher Wednesday with markets in Japan, Hong Kong, South Korea, Taiwan rose 0.5-1.5%. (Anshul Choudhary)

Equity Alert: Asian indices rise; Kospi continues rally, near record high

MUMBAI--0751 IST--Asian indices opened on a positive note Wednesday, tracking overnight gains in the US market which closed at a record high. South Korea's Kospi was up 1.4% and was the top gainer among the region's indices. 

South Korea's seasonally adjusted unemployment rate rose slightly to 2.6% in August compared with July's 2.5%, CNBC reported. The Kospi is near its all-time high as optimism over domestic policy reforms and positive global tailwinds helped extend the rally, Bloomberg reported.

The index has surged nearly 38% so far this year and is among the biggest gainers among major indices around the world. The rise is on hope that President Lee Jae Myung may scrap a previous proposal that would lower the threshold for the capital gains tax on stocks, the Bloomberg report said.

China's CSI 300 was up 0.1%. The country's inflation was flat on month in August, compared with a fall of 0.2% expected by Reuters. Its producer prices fell 2.9% on year, in line with Reuters' estimate and a lower fall than the 3.6% decline in July. Among top gainers, Foxconn Industrial Internet, Hygon Information Technology and AVIC Shenyang Aircraft were up 4-9%.

Following were the levels of key Asian indices at 0747 IST:

(Akash Mandal)

Equity Alert: US mkt at record high; payroll revision boosts rate cut hopes 

MUMBAI--0733 IST--Equity indices in the US closed at record highs Tuesday, with a downward revision of the payrolls data boosting hope of a rate cut by the US Federal Reserve this month. A surge in shares of UnitedHealth led to the Dow Jones Industrial Average being the biggest gainer among the three benchmark indices.

The US economy likely added 911,000 fewer jobs in the 12 months through March than previously estimated, Reuters reported the government as saying. This suggested that job growth was already stalling before President Donald Trump launched his global tariffs. This data increased the probability of a 25-basis-point rate cut at the Fed's September meeting to 93.7% from 89.4% a day ago, according to the CME Fedwatch tool. 

UnitedHealth surged nearly 9% after the health insurer said it expects enrolment in top-rated Medicare insurance plans to be in line with its expectations, which could mean bigger payments from the government to the health insurer, Reuters reported. JPMorgan Chase gained 2% after a senior executive said its investment banking revenue will grow in low double digits in the third quarter and markets revenue would grow in high teens. "That's all good news, signs of a good, thriving economy...M&A (mergers and acquisitions) is coming back after Trump's Liberation Day put a screeching halt to that," Reuters quoted Jed Ellerbroek, portfolio manager at Argent Capital, as saying. 

Nebius skyrocketed 50% after the artificial intelligence infrastructure company bagged a $17.4-billion deal from Microsoft. S&P 500 futures rose slightly late Tuesday on a positive forecast from Oracle, CNBC reported. Oracle surged 26% in extended trading after the technology major said multicloud database revenue from Amazon, Google, and Microsoft soared 1,529% in the previous quarter due to demand for artificial intelligence servers. This encouraged investors despite latest quarter earnings falling short of expectations, the CNBC report said.

Following are the closing levels of US indices Tuesday:

(Akash Mandal)

End

US$1 = INR 88.15

Edited by Vandana Hingorani

All prices from National Stock Exchange, unless otherwise specified.

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